Shawn is trying to determine if there are savings to purchasing a car in addition to owning it after all the payments have been made. With a $3000 down payment, he needs a loan for $25,000. He has been approved for this amount with a 5-year loan at an interest rate of 4.75%. He also has the option of leasing the vehicle for $450 per month with the same down payment. Using the loan amortization formula, which statement is accurate? The total interest paid over the life of the car loan is $3,135. The monthly lease payments are more than the monthly purchase payments. The monthly payment of the car loan is $568.92. The total cost of the 5-year lease is $27,000